Cracking the Crypto Code

The Institute of Internal Auditors Presents: All Things Internal Audit

The Institute of Internal Auditors Presents: All Things Internal Audit Tech

In this episode, Dana Lawrence and Dhayalaruban Thangaraja discuss the complexities of auditing cryptocurrency and blockchain. They explore the unique challenges these technologies offer and share practical guidance for navigating this evolving landscape.

Host:

Dana Lawrence, senior director of fintech compliance, Pacific West Bank

Guests:

Dhayalaruban Thangaraja, internal audit director, BDO Malta

Key Points: 

• Introduction [00:00-00:00:07]
• Ruban’s background [00:00:08-00:00:33]
• Unique challenges in auditing cryptocurrency [00:00:34-00:03:26]
• Cybersecurity risks and best practices [00:03:27-00:05:06]
• Overview of regulatory frameworks and MiCA [00:05:07-00:07:06]
• Preparing for regulatory compliance [00:07:07-00:09:32]
• Advocating for governance enhancement [00:09:33-00:11:55]
• Building technical knowledge for internal auditors [00:11:56-00:14:16]
• Emerging trends in digital assets [00:14:17-00:17:48]
• Practical steps for auditing cryptocurrency adoption [00:17:49-00:20:29]
• Final tips for internal auditors [00:20:30-00:22:41] Closing remarks [00:22:42-00:33:25]

The IIA Related Content: Interested in this topic? Visit the links below for more resources:

• Blockchain and IT Governance
• Online Exclusive: Setting the Standard for Crypto
• Global Knowledge Brief: Fraud Part I: Fraud in the Cryptosphere
• Privacy and Data Proection: Part 3
• The IIA's Proposed Letter to Congress for Enhancing Corporate Governance at Cryptocurrency Exchanges

Visit The IIA's website or YouTube channel for related topics and more.

Resources Mentioned:

• European crypto-assets regulation (MiCA)
• Dhayalaruban Thangaraja (2024, August 27). Decoding Digital Assets: Challenges for Internal Auditors in the Crypto World
• The IIA's Fraud Part I: Fraud in the Cryptosphere
• The IIA's Proposed Letter to Congress for Enhancing Corporate Governance at Cryptocurrency Exchanges

Follow All Things Internal Audit: Apple PodcastsSpotify LibsynDeezer